Tip:
Highlight text to annotate it
X
Hi I'm Jean Chatzky and this is your Savvy Money Minute.
Brought to you in part by Alliant Credit Union.
Impulse buying. We've all done it.
In fact, the average person will spend one hundred fourteen thousand
dollars on
impulse purchases over their lifetime. How can you avoid that fate?
Skip these three shopping sins: Money rule number 41
Don't shop angry. Research shows
anger makes us overly optimistic and prone to making bigger
riskier purchases than we otherwise would
so give yourself a 24-hour cooling off period
before you make a hot-headed buy.
Money rule number 42: Don't shop sad. Psychologists call it the
misery-is-not-miserly affect. Feelings of low self-value make you
overestimate the value purchases you're considering. Money will number 43:
Don't shop hungry.
and not just at grocery stores. Snacking, what researchers call, "Exciting the Mouth",
brings down your defenses against desire
That's why warehouse stores offer free samples.
You end up buying things that aren't on your list
For more great tips, check out my book "Money Rules".
I'm Jean Chatzky for Savvy Money.